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AlgoVenture

GBPUSD: Sell from Top of Ascending Triangle

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
AlgoVenture  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD pound GBP Ascending Triangle dlifestyletrader dailyforecast tradingideas tradeidea
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trendanalysis chartpattern waveanalysis gbpusd pound gbp ascendingtriangle dlifestyletrader dailyforecast tradingideas tradeidea
GBPUSD has been consolidating for more than a month and has formed an ascending triangle in the process.
The previous up wave is clearly completed and the first down wave from the top of the ascending triangle has just formed.
Wait for a pullback from the preceding down wave and sell near 618 level.

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